Morphosys Ag (MOR) has released an update.
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MorphoSys AG has announced a merger squeeze-out with Novartis BidCo Germany AG offering a cash compensation of EUR 68.00 per share for the transfer of shares from minority shareholders. This action is pending approval at the MorphoSys AG Annual General Meeting and subsequent registrations in commercial registers. The court-appointed expert auditor has preliminarily affirmed the fairness of the compensation amount.
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